Vishay Precision Group (NYSE:VPG) Hits New 1-Year High at $40.28

Vishay Precision Group, Inc. (NYSE:VPGGet Rating)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $40.28 and last traded at $40.28, with a volume of 100 shares traded. The stock had previously closed at $39.56.

Analyst Ratings Changes

VPG has been the topic of several research reports. TheStreet upgraded shares of Vishay Precision Group from a “c+” rating to a “b-” rating in a report on Tuesday, August 16th. initiated coverage on shares of Vishay Precision Group in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

Vishay Precision Group Stock Performance

The firm has a market cap of $556.65 million, a P/E ratio of 16.79 and a beta of 1.27. The stock’s 50 day moving average is $33.25 and its two-hundred day moving average is $31.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.10 and a quick ratio of 2.62.

Insider Activity at Vishay Precision Group

In other news, Director Wes Cummins purchased 6,300 shares of Vishay Precision Group stock in a transaction on Wednesday, August 24th. The shares were purchased at an average cost of $36.02 per share, for a total transaction of $226,926.00. Following the completion of the transaction, the director now directly owns 336,792 shares in the company, valued at $12,131,247.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vishay Precision Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Vishay Precision Group in the third quarter valued at about $42,000. Amalgamated Bank acquired a new position in shares of Vishay Precision Group during the first quarter worth approximately $48,000. SG Americas Securities LLC acquired a new position in shares of Vishay Precision Group during the second quarter worth approximately $137,000. Watershed Asset Management L.L.C. acquired a new position in shares of Vishay Precision Group during the third quarter worth approximately $202,000. Finally, Annex Advisory Services LLC lifted its position in shares of Vishay Precision Group by 7.6% during the second quarter. Annex Advisory Services LLC now owns 7,976 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 563 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

About Vishay Precision Group

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Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.

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